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GM profits surge to $3.2 billion in first quarter

General Motors on Thursday posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy. Stripping out one-time charges and gains, including $1.6 billion in income from the March sale of GM's ownership in Delphi Automotive, GM earned $2 billion before interest and taxes. GM's net income for the January-through-March period a year earlier was $865 million.

VW Golf build passes 25 million

By Gareth Kent Motor Industry 30 March 2007 10:07 Thirty-three years after the first Golf, Volkswagen has just passed the 25 million milestone. As one of the pioneers of the modern hatchback genre, the Golf was a hit right from launch in 1974, and sold one million cars within three years. The 25 millionth Golf to leave the Wolfsburg gates was a Tornado Red 1.4 TSI.

Magna Steyr MILA Coupic revealed

Magna Steyr – an independent engineering and manufacturing company – will be revealing the MILA Coupic concept study at the rapidly-approaching Geneva motor show. The MILA Coupic, the sixth concept in the MILA innovation family, brings together three different vehicle concepts into one SUV coupe that can transform into a sporty pick-up or an open-air convertible. The concept is constructed using a combination of textile, glass, roof modules and seating technology.